Hamilton Locke is proud to have assisted our client Midkey’s recent funding milestone – the establishment of a A$100m securitisation warehouse facility with global asset manager Insight Investment.
Our role involved advising Midkey on the structuring and execution of transaction documentation to set up Midkey’s Master Trust program (to be used for this facility as well as for future warehouse facilities) as well as negotiating warehouse documents for Midkey’s first trust funded by Insight Investment.
Midkey was established in 2021 to provide innovative “no monthly payment” loans to Australian households with significant home equity who are unable to access traditional bank financing. This new funding will enable Midkey to expand their loan book via partnerships with brokers, aggregators and other trusted advisors such as lawyers and private wealth managers.
Commenting on the matter, Zina Edwards, Partner said:
“This transaction is an example of what can be achieved when the right partners are brought together. Midkey and Insight Investment have created a funding structure that not only supports Midkey’s growth strategy but also enables the delivery of innovative lending solutions to a segment of Australian homeowners that are underserved. It is a privilege for our team to have supported Midkey to achieve this important milestone.”
Other parties involved included Ashurst Australia, who separately advised the financier and acted for the trustee and related service providers.
The Hamilton Locke team was led by Zina Edwards, supported by Ed Macgregor.
